Double-Entry Accounting Is an Accounting System

question 34

Multiple Choice

Double-entry accounting is an accounting system:

• A) That records each transaction twice.
• B) That records the effects of transactions and other events in at least two accounts with equal debits and credits.
• C) In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits.
• D) That may only be used if T-accounts are used.
• E) That insures that errors never occur.

---

Definitions:

Alcohol

A psychoactive substance that is found in beverages such as beer, wine, and spirits, and can alter mood, cognition, and behavior.

Fetal Stage

The final phase of prenatal development, starting from the ninth week of pregnancy until birth, during which significant growth and maturation of organs occur.

Prenatal Development

The process of growth and development within the womb from conception until birth.

Conception

The process of fertilization when a sperm cell fuses with an ovum, leading to the formation of a zygote and the beginning of pregnancy.